IRON ORE DAILY: Seaborne price weakness persists amid thin buying

Seaborne iron ore prices continued to dip on Tuesday August 20 amid limited buying activity.

Fastmarkets’ index for iron ore 62% Fe fines, cfr Qingdao: $87.94 per tonne, down by $0.46 per tonne. Fastmarkets’ index for iron ore 62% Fe Pilbara Blend Fines, cfr Qingdao: $88.32 per tonne, down by $0.46 per tonne. Fastmarkets’ index for iron ore 62% Fe low-alumina fines, cfr Qingdao: $87.79 per tonne, down by $0.42 per tonne. Fastmarkets’ index for iron ore 58% Fe fines high-grade premium, cfr Qingdao: $76.28 per tonne, down by $0.30 per tonne. Fastmarkets’ index for iron ore 65% Fe Brazil-origin fines, cfr Qingdao: $96 per tonne, down by $0.90 per tonne. Fastmarkets’ index for iron ore 62% Fe fines, fot Qingdao: 725 yuan per wet metric tonne (implied 62% Fe China Port Price $94.59 per dry tonne), down 1 yuan per wmt. Key drivers China’s steel and iron ore futures largely trended...

Published

July Zhang

August 20, 2019

13:09 GMT

Shanghai